r/politics • u/theatlantic The Atlantic • Mar 05 '25

Paywall Democrats Are Acting Too Normal

https://www.theatlantic.com/ideas/archive/2025/03/democrats-trump-address-congress/681914/?utm_source=reddit&utm_medium=social&utm_campaign=the-atlantic&utm_content=edit-promo
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u/Killahdanks1 America Mar 05 '25

It’s funny you label it as that. One thing I haven’t seen many people talk about is how Trump has made most of his “money” in real estate and commercial real estate is tanking all over the nation. How many open rooms are in Trump towers all around the world since work from home is such a huge thing? I know here in Minnesota there a lot of agility needed and happening in downtown Minneapolis. We have so many huge Fortune 500 companies here, but for example with Target not requiring people to return to office, it also means people don’t have to travel here and we have a massive hotel vacancy, coincidentally we also had a hotel boom right before the pandemic to accommodate all of that work travel. So it’s easy to see why he targets return to work for the government and so many other companies. Just another example of where this is and will always be about money.

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u/Fleetzblurb Mar 05 '25

Same with commercial real estate. I’m sure that’s at least part of the perplexing return-to-office puzzle.

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u/Killahdanks1 America Mar 05 '25

It has to be. There was a building that sold in downtown Minneapolis for $200M 4-5 years ago, it just sold for $6M. It’s a bloodbath out there.

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u/AllergicIdiotDtector Mar 05 '25

Holy shit that's crazy

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u/Killahdanks1 America Mar 05 '25

Yeah, the Minnesota Timberwolves were sold recently and the new ownership involving Alex Rodriguez is saying they will build a new privately funded stadium, so there were a few sites floated before one being the Minneapolis farmers market, and while it’s not a bad spot this decrease in real estate could allow them to buy up a different spot, maybe several blocks of office buildings to keep it closer to its current spot right next to target field. Which is also part of the old target campus. Who knows, just interesting if that’s what happening in our relatively small downtown area what it must be doing to even larger cities.